Yitzchok Katz’s Third Street Equity borrows $5M from Bank Leumi for property in Astoria

Yitzchok Katz’s Third Street Equity, LLC, as borrower signed a loan agreement with lender Bank Leumi USA valued at $5.4 million for 1 parcel, including the tax class miscellaneous warehouse (E9) at 26-35 3rd Street in Astoria. The deal closed on September 10, 2019 and was recorded on September 16, 2019.
The property contains a total of 9,032 square feet of built space. The property has 26,451 square feet of available development rights.
The average loan per buildable square foot is $151.
The last time the property sold was February 6, 2015, for $7,000,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There have been 2 demolition projects filed over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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